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According to a new report Asia Pacific Software Defined Storage Market, published by KBV Research, the Asia Pacific Software Defined Storage market is expected to grow at a CAGR of 32.6% during the forecast period.
Asia-Pacific (APAC) would be one of the most potential regions, and is anticipated to be the fastest growing regions during the forecast period. Technological advancements in the region and ever increasing number of IT companies are the leading factors that would shape the Asia pacific region during the forecast period. Also, the Small and Medium Enterprises (SMEs) in the region are constantly looking for opportunities to slash IT expenditure and virtualization facilities to store data is gaining prominence.
In 2015, China dominated the Asia Pacific Software Defined Data Security and Compliance Software Market, and by 2022, the segment would attain revenue of $481.1 Million. However, Malaysia would witness highest CAGR of 31.3% during the forecast period (2016-2022). In 2015, Surveillance dominated the Asia-Pacific Software Defined Storage Market by Usage, with revenue of $638.3 Million.
Among application areas, the telecom and ITES sectors are anticipated to be gain prominence as substantially large volume of new data is generated almost every day, and managing and securing new data is of vital importance. Telecommunication and IT sector is largely customer centric; therefore, customer service plays a vital role. The customer service centers on a daily basis need access to customer information to store newly generated customer data. SDS solution is a perfect answer to the storage management demand of ever-increasing data volumes in the sector.
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Asia Pacific Software Defined Storage market have been discussed in the report along with the elaborated company profiles namely Microsoft Corporation, IBM Corporation, HP Enterprise Company, Hitachi Ltd., Cisco Systems, Inc., Fujitsu Limited, Google Inc., Amazon.com, Inc. and Oracle Corporation.